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Huize Holding Limited American Depositary Shares - HUIZ STOCK NEWS

Welcome to our dedicated page for Huize Holding American Depositary Shares news (Ticker: HUIZ), a resource for investors and traders seeking the latest updates and insights on Huize Holding American Depositary Shares stock.

Huize Holding Limited (NASDAQ: HUIZ) is a premier digital insurance product and service platform catering to new-generation consumers in China. The company operates an independent online platform that distributes insurance products underwritten by its partnered insurance companies. These insurer partners rely on Huize to connect with a large clientele through various internet and mobile channels.

Huize offers a digitalized insurance purchasing experience, backed by AI-powered tools and data-driven insights. The platform supports the entire insurance life cycle, from consultation, user engagement, marketing, and risk management to claims services. The company targets mass affluent consumers, providing a comprehensive range of insurance products and one-stop services that streamline the transaction process.

Recent achievements include the launch of products like “Darwin Critical Care No.9” and “i Wu You – Low-Threshold Edition,” which are designed to provide extensive coverage and flexible options for customers with various health conditions. The company also recently announced its participation in the 14th Annual LD Micro Invitational, reflecting its active engagement in the financial community.

Financially, Huize generates revenue from the brokerage fees paid by its insurer partners. The company's strong focus on leveraging technology and data analytics has positioned it as a leader in the insurance technology sector in China. Partnerships with prominent insurance carriers further bolster its market position, enabling it to offer innovative and customer-centric products.

For the latest updates and more information, please visit Huize’s Investor Relations page.

News

Huize Holding Limited Announces Participation in the LD Micro Invitational XIV

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Huize Holding (NASDAQ: HUIZ) to present at The 14th Annual LD Micro Invitational on April 9th, 2024, led by Co-Chief Financial Officer, Mr. Ron Tam.
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Huize Authorizes US$5 Million Share Repurchase Program

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Huize Holding (HUIZ) announces a share repurchase program of up to US$5 million, aiming to enhance shareholder value and showcase confidence in the company's future.
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Huize Holding Limited Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

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Huize Holding reported strong financial results for the full year 2023, with GWP increasing by 18.2% year-over-year to RMB5,800.9 million. The company achieved a net profit of RMB70.2 million and a non-GAAP net profit of RMB72.3 million, exceeding guidance. Huize expanded into the Hong Kong market, serving approximately 9.3 million insurance clients and cooperating with 123 insurer partners. The company aims to capitalize on growth opportunities in China, Asia, and Southeast Asia, targeting a double-digit revenue contribution from international markets in 2024.
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Huize Holding Limited to Report Fourth Quarter and Full Year 2023 Financial Results on March 20, 2024

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Huize Holding Limited (HUIZ) to release unaudited financial results for Q4 and full year 2023 on March 20, 2024. Earnings conference call scheduled for 8:00 A.M. Eastern Time on the same day.
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Huize Achieved a 98.6% Customer Satisfaction Rate for Online Customer Services and Helped over 1 Million Families Resolve Claims in 2023

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Huize Holding Limited (HUIZ) released its 2023 Customer Service Report and the 2023 “Xiao Ma Claim” Service Annual Review, showcasing a 98.6% customer satisfaction rate for online customer services and a 99.5% satisfaction rate for teleservices. The reports revealed that Huize served more than one million families with coverage from 11 million insurance policies and provided assistance with 92,000 insurance claims, with a total claim settlement amount of RMB570 million. The reports also highlighted key insights related to critical illness insurance claims, medical insurance products, life insurance claims, and the utilization of online services. Chairman and CEO, Mr. Cunjun Ma, expressed pride in the company's outstanding performance and commitment to providing convenient and efficient services to new generation consumers in China.
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Huize Partners with PICC Life Insurance to Launch “Darwin Critical Care No.8 – Advanced” – A Customized Critical Illness Insurance Product

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Huize Holding Limited (NASDAQ: HUIZ) has partnered with PICC Life Insurance Company Limited to launch 'Darwin Critical Care No.8 – Advanced', a customized critical illness insurance product. The product provides extensive coverage for 120 critical, 20 moderate, and 40 mild illnesses, with cost-effectiveness, rapid protection, low eligibility threshold, premium waiver benefit, and optional benefits. The series has served over 310,000 customers, paying out more than RMB 527 million across 2,096 claims. The average age of customers is 32 years old, with 68.2% between 26 and 35. Huize aims to develop cost-effective products across various sectors and maximize customer lifetime value to drive returns for shareholders.
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Huize Reports Third Quarter 2023 Unaudited Financial Results

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Huize Holding Limited (NASDAQ: HUIZ) reported its unaudited financial results for Q3 2023, showing significant growth in Gross Written Premiums (GWP) and First Year Premiums (FYP). The company's gross profit margin improved by 6.0 percentage points year-over-year, and it achieved a net profit of RMB20.2 million. Additionally, Huize served approximately 9.1 million insurance clients and cooperated with 121 insurer partners as of September 30, 2023.
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Huize Partners with Dajia Annuity Insurance to Launch “Dajia Hui Xuan” – A Customized Retirement Annuity Insurance Product

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Huize Holding Limited (NASDAQ: HUIZ) partners with Dajia Annuity Insurance to launch 'Dajia Hui Xuan', a customized retirement annuity insurance product. The product offers high flexibility, low eligibility threshold, and comprehensive elderly care services. Huize aims to meet the retirement needs of its young user base, providing tools for achieving retirement planning goals in the era of 'Huize Customized Products 3.0'.
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Huize Holding Limited to Report Third Quarter 2023 Financial Results on November 17, 2023

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Huize Holding Limited plans to release its unaudited financial results for the third quarter of 2023 on November 17. The earnings conference call will be held at 7:00 A.M. Eastern Time on the same day. Participants can register for the conference call using the provided link.
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Huize Holding Limited to Hold Annual General Meeting on November 30, 2023

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Huize Holding Limited announced that it will hold its annual general meeting of shareholders on November 30, 2023. The meeting will serve as an open forum for shareholders and beneficial owners of the Company's ADSs to discuss Company affairs with management. The record date for the meeting is November 1, 2023. The Company has also filed its annual report on Form 20-F, which includes the audited financial statements for the fiscal year ended December 31, 2022.
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FAQ

What is the current stock price of Huize Holding American Depositary Shares (HUIZ)?

The current stock price of Huize Holding American Depositary Shares (HUIZ) is $0.68 as of November 20, 2024.

What is the market cap of Huize Holding American Depositary Shares (HUIZ)?

The market cap of Huize Holding American Depositary Shares (HUIZ) is approximately 36.2M.

What is Huize Holding Limited?

Huize Holding Limited is a leading digital insurance product and service platform in China, connecting consumers with insurance carriers through data-driven and AI-powered solutions.

How does Huize generate revenue?

Huize generates revenue through insurance brokerage fees paid by its insurer partners.

What kind of insurance products does Huize offer?

Huize offers a wide range of insurance products, including life insurance, health insurance, and critical illness insurance, tailored to various consumer needs.

Who are Huize's insurer partners?

Huize partners with multiple insurance companies in China to distribute their products and services through its digital platform.

What recent products have Huize launched?

Recently, Huize launched 'Darwin Critical Care No.9' and 'i Wu You – Low-Threshold Edition,' offering extensive coverage and flexible options.

How does Huize leverage technology in its services?

Huize uses AI, data analytics, and digital capabilities to enhance insurance consultation, user engagement, marketing, risk management, and claims services.

What is the target market for Huize?

Huize primarily targets mass affluent consumers in China, offering products and services that address their life-long insurance needs.

What recent events has Huize participated in?

Huize recently announced its participation in the 14th Annual LD Micro Invitational, showcasing its engagement with the financial community.

Where can I find more information about Huize?

For more information, please visit Huize's Investor Relations page at http://ir.huize.com.

How can I contact Huize for investor or media inquiries?

For investor inquiries, contact Harriet Hu at investor@huize.com. For media inquiries, reach out to mediacenter@huize.com.

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Huize Holding Limited American Depositary Shares

Nasdaq:HUIZ

HUIZ Rankings

#5033 Ranked by Market Cap
N/A Ranked by Dividends

HUIZ Stock Data

36.20M
42.94M
13.42%
0.06%
0.24%
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United States of America
Shenzhen